- Zimbabwe is endowed with various natural resources, including lithium, which has seen increased investor interest amid the global shift towards electric vehicles to cut emissions.
- Minister Professor Mthuli Ncube says the Government is ready to put forward US$20 million to partner investors willing to invest in a lithium battery manufacturing project in Zimbabwe.
Finance and Economic Development Minister Professor Mthuli Ncube says the Government is ready to put forward US$20 million to partner investors willing to invest in a lithium battery manufacturing project in Zimbabwe. He revealed this at the American Chamber Of Commerce (AmCham) launch in Zimbabwe, where a number of local and USA businessmen met to forge business relations in line with the Government’s Zimbabwe “Open for Business” mantra.
Minister Ncube said the Government was keen to have more American investments in the energy, mining, and agriculture sectors. The establishment of AmCham in Zimbabwe is expected to drive US investment flows into Zimbabwe. Zimbabwe is endowed with a variety of natural resources, among them lithium, which has seen increased investor interest amid the global shift towards electric vehicles to cut emissions.
The minister further said, “So beneficiation is part of our economy’s diversification, I will be glad to see a lithium battery manufacturing company in Zimbabwe, and I am prepared to put down US$20 million for Government, and I am looking for partners to beneficiate lithium up to the right stage which is lithium batteries.”